BUSINESS COLLEGE

The partners of Apple, Bere and Carroll LLP share net income and losses in a 5:3:2 ratio, respectively. The capital account balances on January 1, 2008, were as follows: Apple Capital - 125,000,
Bere Captal 75,000, and
Carroll Capital - $50,000

The carrying amounts of the assets and liabilities of the partnership are the same as their current fair values. Dorr will be admitted to the partnership with a 20% capital interest and a 20% share of net income and losses in exchange for a cash investment. The amount of cash that Dorr should invest in the partnership is:

Answers

Answer 1
Answer:

Answer:

The correct answer is $62,500.

Explanation:

According to the scenario, the given data are as follows:

Apple Capital = $125,000

Bere Capital = $75,000

Carroll Capital = $50,000

So, the total capital = $125,000 + $75,000 + $50,000 = $250,000

So, we can calculate the Dorr invest amount by using following formula:

Dorr invest amount = Present capital - Initial total Capital

Where, Present Capital = $250,000 ÷ ( 100% - 80%) = $312,500

By putting the value, we get

Dorr invest amount = $312,500 - $250,000

= $62,500.
Answer 2
Answer:

Final answer:

Dorr should invest $50,000 to acquire a 20% capital interest in the partnership of Apple, Bere, and Carroll LLP.

Explanation:

The total capital of Apple, Bere and Carroll LLP is the sum of the capital accounts of the three existing partners: Apple ($125,000) + Bere ($75,000) + Carroll ($50,000) = $250,000. We know Dorr is buying a 20% capital interest, that would mean that Dorr should invest an amount equivalent to 20% of the total current capital. Hence, Dorr's investment would be 20% of $250,000, which equals $50,000.

Learn more about Capital Interest here:

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c. halo bias
d. fundamental attribution error

Answers

Answer:

Option A: Prototype

Explanation:

culture is basically the way of life of people in a place. It is a system of beliefs, values, and ways of life that are shared or common with(by) a group of people.migration in the world today has made people with different cultures to be intertwined. Understanding your cultures is good but to foster growth, peace and love wherever we are among other cultures and traditions, one must learn to understand other people cultures around is as it will help in building faith, love and peace. Cultural differences appear in a number of important areas, including nonverbal signals, gender. Religion and attitudes toward work and success.

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Answers

Answer:

The Correct Statement is the Second Statement. Effective speaker look consider the nature and the needs of audience and then decide the type of visual aid.

Explanation:

Multimedia slides are extremely useful, and often helps in various ways to deliver your message. There is no doubt in it.

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Moreover, if the audience is not "tech-savvy" and are more of a traditional nature, then traditional or pen and paper based methods might just work out!

Answer:

Effective speaker look consider the nature and the needs of audience and then decide the type of visual aid.

i did this on ede 2020

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Answers

Answer:

Varga should recognize $4,000 as revenue in 2016.

Explanation:

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Answers

Answer:

The balance in the Paid-in Capital from Treasury Stock account at December 31, 2014 is $36,000

Explanation:

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Answers

Answer:

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Explanation:

Answer:

The answer to this question is, Latest Laptop, Most Expensive Shoes, & an extra pair of Jeans.

Explanation:

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Answers

Answer:

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Jk I figured it out hahaha